DEPFA BANK plc
DEPFA BANK plc announces dividend declared, but payment delayed
DEPFA BANK plc (81MS)
Ad Hoc Announcement – For immediate release
RE: DEPFA BANK plc announces dividend declared, but payment delayed
6 April 2020
This notice is issued by, or on behalf, of DEPFA BANK plc (“DEPFA“) in respect of its outstanding listed debt instruments identified below. This announcement may include a communication of inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.
Background: The 2019 Annual Report for DEPFA published on 19 March 2020, discloses that the board of directors of DEPFA recommended a dividend payment of Euro 150m to its sole shareholder, FMS-Wertmanagement AöR (“FMS-WM“), to be paid on 31 March 2020 subject to shareholder’s approval. Following the issuance of the ECB recommendation on dividend distributions during the COVID-19 pandemic (ECB/2020/19) published on 27 March 2020 (the “ECB Recommendation“) DEPFA adjourned its Annual General Meeting (the “AGM“) at which the dividend was due to be declared in order to seek clarification as to the effect of the ECB Recommendation on DEPFA. Dividend declared, but payment delayed: At the AGM of DEPFA, held today, a dividend of Euro 150m to FMS-WM was declared subject to the payment being made as soon as permitted in line with the latest ECB Recommendation on Dividend Distributions. DEPFA is wholly owned by FMS-WM, the German State owned wind-down agency. For further information, please contact:
For DEPFA: For FMS-WM: Rachel Martin Frank Hessel Head of Communications Tel.: +49 (0) 89 / 9547627-647 Tel.: +353 1 792 2144 E-Mail: frank.hessel@fms-wm.de
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ISIN: | DE000A0AUJ90 |
Category Code: | DIV |
TIDM: | 81MS |
LEI Code: | HRRVUBV0XN84YQZT6245 |
Sequence No.: | 56723 |
EQS News ID: | 1016257 |
End of Announcement | EQS News Service |